Exhibit 10.18

SILICON STORAGE TECHNOLOGY, INC.  FORM OF INDEMNITY AGREEMENT

This Agreement is made and entered effective as of the        day
of                        ,
                        by and between Silicon Storage
Technology, Inc., a California corporation (the "Corporation"), and                        , ("Indemnitee").

RECITALS

WHEREAS, Indemnitee performs a valuable service to the Corporation in his capacity
as                        of the
Corporation;

WHEREAS, the shareholders of the Corporation have adopted provisions in the Articles of Incorporation (the "Articles") and the Bylaws (the
"Bylaws") of the Corporation providing for the indemnification of the directors, executive officers, officers, employees and other agents of the Corporation, including persons serving at the request
of the Corporation in such capacities with other corporations or enterprises, as authorized by the California Corporations Code, as amended (the "Code");

WHEREAS, the Articles, the Bylaws and the Code, by their non-exclusive nature, permit contracts between the Corporation and
its directors, executive officers, officers, employees and other agents with respect to indemnification of such persons; and

WHEREAS, in order to induce Indemnitee to continue to serve as                        of the
Corporation, the Corporation has determined and
agreed to enter into this Agreement with Indemnitee;

NOW, THEREFORE, in consideration of Indemnitee's continued service
as                        after the date hereof, the parties hereto agree as
follows:

AGREEMENT

1.SERVICES TO THE CORPORATION.Indemnitee will serve, at the will of the Corporation or under separate
contract, if any such contract exists, as                        of the Corporation or as a director, executive officer, officer
or other fiduciary of an affiliate of the Corporation (including any employee
benefit plan of the Corporation) faithfully and to the best of his ability so long as he is duly elected and qualified in accordance with the provisions of the Bylaws or other applicable charter
documents of the Corporation or such affiliate; provided, however, that Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation that Indemnitee
may have assumed apart from this Agreement) and that the Corporation or any affiliate shall have no obligation under this Agreement to continue Indemnitee in any such position.

2.INDEMNITY.Subject to a determination pursuant to Section 8 hereof, the Corporation hereby agrees to
hold harmless and indemnify Indemnitee:



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3.LIMITATIONS ON ADDITIONAL INDEMNITY.To the extent that any of the matters set forth in
subsections (a) through (l) of this Section 3 are successfully established by the Corporation as defenses in accordance with the provisions of Section 9 hereof, no
indemnity pursuant to Section 2 hereof will be payable by the Corporation:



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4.CONTINUATION OF INDEMNITY.All agreements and obligations of the Corporation contained herein shall continue
during the period Indemnitee is a director, executive officer, officer, employee, or other agent of the corporation (or is serving or had served at the request of the Corporation as a
director, executive officer, officer, employee, or other agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise) and shall continue thereafter so
long as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by
reason of the fact that Indemnitee had served in the capacity referred to herein.

5.PARTIAL INDEMNIFICATION.Indemnitee shall be entitled under this Agreement to indemnification by the
Corporation for a portion of the expenses (including attorneys' fees), witness fees, damages, judgments, fines and amounts paid in settlement, and any other amounts that Indemnitee becomes legally
obligated to pay in connection with any action, suit or proceeding referred to in Section 2 hereof even if not entitled hereunder to indemnification for the total amount thereof, and the
Corporation shall indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

6.NOTIFICATION AND DEFENSE OF CLAIM.Not later than thirty (30) days after receipt by Indemnitee of
notice of the commencement of any action, suit or proceeding, Indemnitee will, if a claim in respect thereof is to be made against the Corporation under this Agreement, notify the Corporation of the
commencement thereof; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Indemnitee otherwise than under this Agreement. With respect to any such
action, suit or proceeding as to which Indemnitee notifies the Corporation of the commencement thereof:



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7.EXPENSES.The Corporation shall advance, prior to the final disposition of any proceeding, promptly following
request therefor, all expenses incurred by Indemnitee in connection with such proceeding upon receipt of an undertaking by or on behalf of Indemnitee to repay said amounts if it shall be determined
ultimately that Indemnitee is not entitled to be indemnified under the provisions of this Agreement, the Bylaws, the Articles, the Code or otherwise. Notwithstanding the foregoing, unless otherwise
determined pursuant to Section 8, no advance shall be made by the Corporation if a determination is reasonably and promptly made by the Board of Directors by a majority vote of a quorum
consisting of directors who are not parties to the proceeding (or, if no such quorum exists, by independent legal counsel mutually acceptable to both the Corporation and Indemnitee in a written
opinion) that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such
person did not believe to be in the best interests of the Corporation and its shareholders.

8.DETERMINATION BY THE CORPORATION.To the extent required by the Code, promptly after receipt of a request for
indemnification hereunder made by Indemnitee (and in any event within 90 days), the Corporation shall make a reasonable, good faith determination as to whether indemnification of Indemnitee is
proper under the Code by means of:



Such
determination shall be reasonably made in good faith by the decision making party based upon the facts known to the decision-making party at the time such determination is made.

9.ENFORCEMENT.Any right to indemnification or advances granted by this Agreement to Indemnitee shall be
enforceable by or on behalf of Indemnitee in the forum in which the proceeding is or was pending, or, if such forum is not available or a determination is made that such forum is not convenient, in
any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or (ii) no disposition of such claim is made within ninety
(90) days of request therefor. Indemnitee, in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim. The Corporation
shall be entitled to raise

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by
pleading as an affirmative defense to any action for which a claim for indemnification is made under Section 2 hereof that Indemnitee is not entitled to indemnification because of the
limitations set forth in Section 3 hereof. Neither the failure of the Corporation (including its Board of Directors, its shareholders or independent legal counsel) to have made a determination
prior to the commencement of such enforcement action that indemnification of Indemnitee is proper in the circumstances, nor an actual determination by the Corporation (including its Board of
Directors, its shareholders or independent legal counsel) that such indemnification is improper shall be a defense to the action or create a presumption that Indemnitee is not entitled to
indemnification under this Agreement or otherwise.

10.SUBROGATION.In the event of payment under this Agreement, the Corporation shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Corporation
effectively to bring suit to enforce such rights.

11.NON-EXCLUSIVITY OF RIGHTS.The rights conferred on Indemnitee by this Agreement shall not be
exclusive of any other right which Indemnitee may have or hereafter acquired under any statute, provision of the Articles or Bylaws, agreement, vote of shareholders or directors, or otherwise, both as
to action in his official capacity and as to action in another capacity while holding office.

12.SURVIVAL OF RIGHTS.



13.SEPARABILITY.Each of the provisions of this Agreement is a separate and distinct agreement and independent
of the others, so that if any provision hereof shall be held to be invalid for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions
hereof. Furthermore, if this Agreement shall be invalidated in its entirety on any ground, then the Corporation shall nevertheless indemnify Indemnitee to the fullest extent provided by the Articles,
the Bylaws, the Code or any other applicable law.

14.GOVERNING LAW.This Agreement shall be interpreted and enforced in accordance with the laws of the State of
California as applied to contracts entered into in California, between California residents and to be performed entirely within California.

15.AMENDMENT AND TERMINATION.No amendment, modification, termination or cancellation of this Agreement shall
be effective unless in writing signed by both parties hereto.

16.IDENTICAL COUNTERPARTS.This Agreement may be executed in one or more counterparts, each of which shall for
all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement.

17.HEADINGS.The headings of the sections of this Agreement are inserted for convenience only and shall not be
deemed to constitute part of this Agreement or to affect the construction hereof.

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18.NOTICES.All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given (i) upon delivery if delivered by hand to the party to whom such communication was directed or (ii) upon the third business day after the date on which
such communication was mailed if mailed by certified or registered mail with postage prepaid:



or
to such other address as may have been furnished to Indemnitee by the Corporation.

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.

| |          | SILICON STORAGE TECHNOLOGY, INC.
| | -------- | --------------------------------
| |          |                                 
| | By:      | Bing Yeh
Chief Executive Officer
| |          | [Name of Indemnitee]            
| | Address:

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